It will be compulsory for all the jewellers selling gold jewellery and artefacts to register with BIS and sell only hallmarked Gold jewellery and artefacts. Jewellers including MSMEs to get one year time to clear their existing stocks.
The Union Minister for Consumer Affairs, Food and Public Distribution Shri Ram Vilas Paswan today announced that Gold Hallmarking will be made mandatory across the nation from 15th January, 2020.
Addressing media after the announcement, Shri Paswan said that Hallmarking of Gold Jewellery & Artefacts is being made mandatory in India for which a notification will be taken out by the Department of Consumer Affairs and a period of one year will be given for implementation to ensure that new A&H centres will be set up by private entrepreneurs at locations where demand of Gold Jewellery and artefacts arises ;completion of the registration process of jewellers and one year time for retailers of jewellery to clear their existing stocks.
The Minister said that hallmarking will benefit the poor people in villages and small towns who are not able to make out the purity of gold they have been buying.
The BIS (Bureau of Indian standards) Act 2016 has enabling provisions under Section 14 & Section 16 for making hallmarking of gold jewellery and artefacts mandatory by the Central Government.
This will make it compulsory for all the jewellers selling gold jewellery and artefacts to register with BIS and sell only hallmarked Gold jewellery and artefacts. The draft Quality Control Order for mandatory hallmarking of gold jewellery and artefacts has been hosted on WTO website on 10th October 2019 for comments for a period of 60 days.
The BIS Act 2016 has been implemented with effect from 12th October 2017 and BIS Hallmarking Regulations 2018 notified with effect from 14-6-2018. BIS has been running a hallmarking scheme for gold jewellery since April 2000. As on 31st October 2019 there are 877 Assaying and hallmarking centres spread in 234 district locations across the country and so far 26,019 jewellers have taken BIS registration.